1. Knowledge Economy

1.1. -Economy that fosters tha ability to create, innovate and discover in order to create new knowledge and promote ideas taht become products, process, etc. in order to create wellness and solve social economic issues.

1.1.2. 1) No exclusion: having info. doesn´t exclude other persons to use it as well

1.1.3. 2) No Rivalryin use: giving info doesn´t reduce the properties and ownership of the info.

1.1.4. 3) Low cost to reproduce it: After first copy of info is done, next copies are cheaper.

1.2. A knowledge based economy is the one that invest tha most in human capiatl and social capital.

2. Knowledge Based Development

2.1. Origin: Based on Growth Theory and Knowledge Management

2.1.1. End-of the century movement initiated after the WWII

2.1.2. By the end of the Cold War, the New Growth Theory was initiated

2.1.2.1. Derives from a constant awareness of a faster production growth than would be attributed to external factors

2.1.2.2. City of knowledge was an invention of the Cold War

2.2. KBD must be based on an economic system that allows the recording, viewing, sizing and management of the entire value resulting from human activity. It must also include some form of knowledge capital